JOHN SCOTT SPILLANE is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 1 NORTH WACKER DRIVE, 25TH & 26TH & 31st FLOORS, CHICAGO, IL, 60606.
JOHN SCOTT SPILLANE has worked at UBS FINANCIAL SERVICES INC. since September 18, 2008
JOHN SCOTT SPILLANE has 2 Disclosure Event(s).
Date: July 12, 2001 Category: Customer Dispute Allegations: NEGLIGENCE Damage Amount Requested: $1,076,218.00 Damages Granted: $421,216.55 Broker Comment: RESPONDENT IS JOINTLY AND SEVERALLY LIABLE FOR AND SHALL PAY TO CLAIMANT THE SUM OF $334,280.00 AS COMPENSATORY DAMAGES, PLUS INTEREST.
Date: February 07, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES UNSUITABILITY CLAIMING THAT ALL EQUITY STOCK HOLDING PURCHASED IN 1/00 WERE IN THE TECHNOLOGY SECTOR. CLIENT'S CLAIM WAS THOROUGHLY REVIEWED AND WAS DENIED ON FEBRUARY 27, 2001. Damage Amount Requested: $42,000.00 Broker Comment: CLIENT ALLEGED THAT HE WAS A CONSERVATIVE INVESTOR WHO HAD A 401(K) PLAN, IRA ACCOUNTS, $40K IN BONDS AND $110K IN A MONEY MARKET ACCOUNT. FINANCIAL ADVISOR ALLEGEDLY TOLD CLIENT THAT HE COULD BECOME WEALTHY BY INVESTING IN THE MARKET. CLIENT CONTENDS THAT HIS INITIAL INVESTMENT OF $48K WAS INVESTED IN 8 TECHNOLOGY STOCKS. CLIENT ALLEGES THAT HIS $48K INVESTMENT DECLINED TO APPROXIMATELY $6K. CLIENT FURTHER ALLEGES THAT FINANCIAL ADVISOR MISHANDLED A STOP-LOSS ORDER WHICH RESULTED IN HIS WAVX STOCK BEING SOLD FOR A VERY SMALL PROFIT IN FEBRUARY 2000. CLIENT'S COMPLAINT WAS THOROUGHLY REVIEWED AND DENIED ON FEBRUARY 27, 2001.
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